Latest Financial Turnaround News

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Pengana Capital Group reported a strong turnaround in FY 2025 profitability, driven by a surge in private credit funds under management and successful new product launches. The firm’s strategic shift towards private markets is reshaping its revenue profile and balance sheet strength.
Claire Turing
Claire Turing
28 Aug 2025
Pengana Capital Group Limited has reported a strong turnaround for FY2025, posting a $2.61 million profit after tax and a 42% increase in revenue to $60.5 million, driven by growth in private credit and performance fees.
Claire Turing
Claire Turing
28 Aug 2025
BetMakers Technology Group has completed a major transformation in FY25, delivering positive adjusted EBITDA and strong operating cash flow while expanding its global footprint with a strategic US acquisition.
Sophie Babbage
Sophie Babbage
28 Aug 2025
BetMakers Technology Group delivered a strong FY25 with a 5.6% half-on-half revenue growth and record profitability, while advancing its technology transformation and signing a strategic acquisition in Nevada.
Sophie Babbage
Sophie Babbage
28 Aug 2025
South32 reported a robust turnaround in FY25 with a profit after tax of US$213 million and underlying earnings of US$666 million, driven by operational gains and strategic portfolio shifts. The company also advanced construction at its Hermosa project and maintained a strong balance sheet with net cash of US$123 million.
Maxwell Dee
Maxwell Dee
28 Aug 2025
South32 Limited reported a robust turnaround in FY25 with a 17% revenue increase and a return to profitability, driven by higher commodity prices and strategic divestments. The company also declared a fully-franked dividend and outlined a focused growth outlook.
Maxwell Dee
Maxwell Dee
28 Aug 2025
Doctor Care Anywhere has reported a profitable first half of 2025, driven by strong margin improvements and operational efficiencies. The telehealth provider’s strategic expansion and app enhancements signal promising growth ahead.
Ada Torres
Ada Torres
28 Aug 2025
Xref Limited reported a significantly reduced net loss for FY2025 and a return to positive EBITDA, driven by strategic cost restructuring and a transition to a SaaS business model.
Sophie Babbage
Sophie Babbage
28 Aug 2025
Trajan Group Holdings Limited reported a 7.4% increase in revenue to $166.5 million for FY25, marking a significant turnaround with a return to profit after tax attributable to owners of $2.2 million. The company also reduced net debt and improved EBITDA by 26.2%, driven by organic growth and strategic acquisitions.
Victor Sage
Victor Sage
28 Aug 2025
City Chic Collective has reversed an $8.4 million EBITDA loss from FY24 to post a $6.4 million profit in FY25, driven by strong sales growth and disciplined cost management. The retailer plans to expand its store footprint and expects positive cash flow in FY26 amid improving market conditions.
Logan Eniac
Logan Eniac
28 Aug 2025
Hubify Limited has turned the corner with a statutory loss narrowing to $813,909 in FY25, alongside a 108% surge in EBITDA and a robust cash position. The company’s strategic pivot to recurring managed and professional services underpins its renewed financial health.
Sophie Babbage
Sophie Babbage
28 Aug 2025
Alcidion Group Limited has reversed a significant loss from the previous year, reporting a $1.65 million profit for FY25 driven by new sales and a leaner cost base.
Sophie Babbage
Sophie Babbage
28 Aug 2025